Gartner Inc (IT)
Debt-to-capital ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,448,700 | 2,449,910 | 2,451,140 | 2,452,370 | 2,453,610 | 2,454,850 | 2,455,510 | 2,456,170 | 2,456,830 | 2,457,640 | 2,457,850 | 1,949,080 | 1,958,290 | 1,957,470 | 1,937,230 | 2,035,270 | 2,043,890 | 2,051,510 | 2,059,130 | 2,094,760 |
| Total stockholders’ equity | US$ in thousands | 680,634 | 566,638 | 586,506 | 472,858 | 227,798 | -64,926 | -142,867 | 118,153 | 371,058 | 334,507 | 527,638 | 891,594 | 1,090,430 | 1,037,500 | 991,219 | 890,275 | 938,593 | 919,657 | 963,802 | 856,897 |
| Debt-to-capital ratio | 0.78 | 0.81 | 0.81 | 0.84 | 0.92 | 1.03 | 1.06 | 0.95 | 0.87 | 0.88 | 0.82 | 0.69 | 0.64 | 0.65 | 0.66 | 0.70 | 0.69 | 0.69 | 0.68 | 0.71 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,448,700K ÷ ($2,448,700K + $680,634K)
= 0.78
The debt-to-capital ratio of Gartner, Inc. has been declining over the past four quarters, indicating a decreasing reliance on debt to finance its operations relative to its total capital structure. In Q4 2023, the ratio stood at 0.78, the lowest level in the provided data series. This suggests that Gartner has been reducing its debt levels or increasing its equity capital relative to its total capital. It is important to note that a lower debt-to-capital ratio generally signifies lower financial risk and greater financial stability for the company. Gartner's decreasing trend in this ratio may indicate improved financial health and a more sustainable capital structure.
Peer comparison
Dec 31, 2023